Free Space Optics (FSO) Communication Market Dynamics, Major Players, Analysis & Forecast Research 2022–2030
The world saw massive growth in almost every sector post evolution of telecommunication. Telecommunication now is a key part of this world. It is being used in various things like networking. Free space optical communication happens to be making use of light propagating in empty or free space in an attempt to transmit data that too without any wire. This is basically done for networking of a computer. Free space is a vacant space just like vacuum, air, and outer space. Free space optics (FSO) communication is mainly used in those areas where setting up connection with the help of physical things is highly difficult or completely impractical owing to various factors like costs. Free space optics communication is used in telecommunication, aerospace and defence, healthcare, education and several other sectors. Several factors are contributing to the free space optics (FSO) communication market.
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Just like majority of industries, the growth of the free space optics (FSO) communication market went downhill during COVID-19 period. Lockdown curbs imposed to stop the spread of the dreadful virus resulted in global economic meltdown. Several industries had to shut down and this resulted because of no demand, unavailability of working staff and transport services.
The growth of the free space optics (FSO) communication market is driven by various factors. One of them is increasing demand for wireless communication. Also rise in the number of people using smartphones influences the demand for FSO communications, which also helps this market gain more ground across the globe. One of the major factors that pulls back the free space optics (FSO) communication market’s growth is cost. Adoption of FSO communication is a costly affair and this is why the demand is still on lower side.
Irrespective of few restraining factors, the free space optics (FSO) communication market is forecasted to witness tremendous growth over the period of next several years. The FSO is rapidly taking place of RF communication and this will drive this market’s growth. The global free space optics (FSO) communication market was valued at US$ 234.7 Mn in 2021, growing at an estimated CAGR of 37.8% over the forecast period (2022–2030).
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By End Use Industry, Aerospace and Defence segment will witness growth at fastest rate for The Free Space Optics (FSO) Communication Market in 2022
It was a renowned company that today makes ultra-quality camera lenses, Car Zeiss that developed an optical speaking device that was used in World War II by German Army. Later the dynamics of free space optics got changes massively post lasers were invented. This invention lured majority of military organization across the globe creating huge demand which continues till date.
Asia Pacific Region to Witness Fastest Growth for this market Over the Forecast Period (2022–2030) in the Free Space Optics (FSO) Communication Market
The region of Asia Pacific will emerge as a winner for this market over the next couple of years. The amount of development made by the country of India in the field of telecommunications is insane and this is the reason why this market is taking massive strides in the region.
Some of the major players operating in the global free space optics (FSO) communication market are listed below:
- AIRLINX Communications, Inc.
- Axiom Optics Inc.
- Collinear Networks
- L3Harris Technologies, Inc.
- MACOM QinetiQ
- TrellisWare Technologies, Inc.
- Wireless Excellence Limited
- Other Market Participants
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Global Free Space Optics (FSO) Communication Market Segmentation
Global free space optics (FSO) communication market has been segmented by range, application, end use industries and region which are further classified into respective countries:
Global Free Space Optics (FSO) Communication Market Range Outlook (Revenue, USD Million, 2015–2030)
Global Free Space Optics (FSO) Communication Market Application Outlook (Revenue, USD Million, 2015–2030)
Global Free Space Optics (FSO) Communication Market End Use Industries Outlook (Revenue, USD Million, 2015–2030)
- Aerospace and Defence
- Energy and Power
- Oil and Gas
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Global Free Space Optics (FSO) Communication Market Regional Outlook (Revenue, USD Million, 2015–2030)
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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